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MRF LTD.85661.85 -1889.90 (-2.16%)

  • BSE: 500290
  • |
  • NSE: MRF
  • |
  • ISIN NO: INE883A01011
  • |
  • INDUSTRY: Auto Tyres & Rubber Products
Profile

MRF

MRF Limited or MRF

The MRF or Madras Rubber Factory is India's No.1 tyre manufacturing company which was started in 1946 by Mr. K M Mammen Mappillai as a small toy balloon unit. And much later in November 1960, it ventured into the manufacturing of the tyres, and soon it entered into a technical collaboration with the Tire & Rubber Company of USA. In 1964, the company established its first overseas office at Beirut, Lebanon to tap the export market. It was among ... India's very first efforts on the tyre exports. In 1989, the company collaborated with the US-based Hasbro International which is the world's largest toy maker and then launched Funskool India. In the same year, the company entered into a pact with the Vapocure of Australia to manufacture the polyurethane paint formulations and with Pirelli for the Muscleflex conveyor and the elevator belting. Currently, the MRF exports tyres are spread across 65 countries, which include America, Europe, Middle East, Japan, and the Pacific region as well. It presently has overseas offices in countries such as Dubai, Vietnam, and Australia.

Some Products of the company:

  1. Tyres:
It manufactures various types of tyres for the passenger cars, and two-wheelers, buses, trucks, tractors, and light commercial vehicles and the off–the–road tyres.
  1. Conveyor Belting:
The company manufactures its Muscleflex brand of conveyor belting in one of the most advanced state of the art facilities situated across India. By incorporating the latest manufacturing techniques in processes beginning with mixing, and calendaring & the like to manufacturing of the finished products in which all are the in–house, and Muscleflex – conveyor belting has gained rapid acceptance in markets across the globe.
  1. Pretreads:
It is the most advanced precured retreading technology system which is available in India. The MRF has also forayed into retreading as far back as in the year 1970. Currently, MRF has perfected the art of recured retreading with its extensive knowledge in both tyres and rubber.

Some Awards:

  1. It was awarded as the Most Trusted Tyre Company in India by TNS 2006 global CSR study.
  2. The company won the JD Power Asia Pacific award for customer satisfaction seven times.
  3. MRF was honored with the CAPEXIL award as acknowledgment for its export performance.
  4. 2013: The Company won the JD Power award for the 10th time.

The Milestones:

  1. 2000 – The MRF launched the Smile campaign on the Indian roads and also Launched ZVTS tyres specifically for passenger cars.
  2. 2001 – The MRF rally team wins the APRC rally.
  3. 2002 – The MRF Nylogrip Zapper for two-wheelers is launched.
  4. 2002 – The MRF wins the JD Power award.
  5. 2003 – The MRF registers its second APRC victory.
  6. 2004 – The MRF's turnover crossed INR 30 billion mark.
  7. 2005 – The MRF wins its third APRC rally.
  8. 2006 – The MRF's turnover crosses the INR 5000 crore mark.
  9. 2007 – The Australian PM visits the MRF Pace Foundation.
  10. 2007 – The MRF launches the Super Lug 505 – It is a premium mileage, a rear fitment truck tyre for the national highway operations on rated roads and also started its Super Lug FS which many users claimed to be benefited with the fuel savings.
  11. 2009 – The Tyre manufacturing major MRF has launched a new series of tyres under the brand name 'Wanderer.'

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Key Data
  • Market cap 25139.00 CR.
  • Book value 28305.00
  • Stock P/E 32
  • Dividend Yield 0.17%
  • ROCE 12.87%
  • ROE 12.23%
  • Sales Growth (3Y) 6.46%
  • Face Value (3Y) 10.00
Trend Analysis
  • Short Term Trend :
    Up
  • Medium Term Trend :
    Up
  • Long Term Trend :
    Up

Are you friends with trend?

There is a saying in stock market, "Trend is your best friend"

It means, a good trader doesn't place his money against the trend. Many new traders lose money because they are trying to catch trend reversals but seasoned traders wait for a clear trend to emerge before taking the trade in the direction of trend.

Day Technicals

What is Opening Range Breakout?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

NR7

What is NR7 trading strategy?

Narrow Range trading strategy or NR7 Trading strategy is a breakout based method which assumes that the price of security trends up or down after a brief consolidation in a narrow range.

Opening Price clues

How to use Opening Price Clues in your trades?

If the stock has same open and high after it has traded for some time, it implies there was a consistent selling pressure that didn't allow the stock to move higher from the opening price. Similarly, if the stock has same open and low price, it implies there was a consistent buying intent that kept the stock price above the opening price.

Day High Low Range
TIME LOWEST HIGHEST
10 AM 86150.00 88165.60
11 AM 86150.00 88165.60
12 PM 86150.00 88165.60
1 PM 86150.00 88165.60
2 PM 86150.00 88165.60
3 PM 85273.40 88165.60
Japanese Candlestick Patterns
Candle Pattern 1 :None
Candle Pattern 2 : None
Candle Pattern 3 :None
Candlestick Price Action
Lower High Lower Low
Pivot Points
Name S4 S3 S2 S1 Pivot Points R1 R2 R3 R4
classic 77657.85 81080.45 84503.05 86027.40 87925.65 89450.00 91348.25 94770.85 98193.45
woodie's 80593.50 84016.10 85208.70 87438.70 88631.30 90861.30 92053.90 94283.90 97706.50
fibonacci - 84503.05 85809.80 86618.22 87925.65 89233.08 90041.50 91348.25 -
camarilla 85669.32 86610.54 86924.27 87238.01 -- 87865.49 88179.23 88492.96 89434.18
Past Performance & Moving Averages
Day’s LOW HIGH RANGE SMA PERFORMANCE Nifty
10 DAY 75900.00
89938.10
82434.07 12.82 % 1.49 %
20 DAY 73777.75
89938.10
79238.75 16.95 % 4.14 %
50 DAY 67223.50
89938.10
77088.39 12.57 % 11.35 %
100 DAY 55300.00
89938.10
68621.37 50.50 % 21.63 %
200 DAY 53522.90
89938.10
64954.54 33.06 % 37.65 %
YTD 75550.00
89938.10
81851.12 15.89 % 3.16 %
52 Week 49915.10
89938.10
64202.95 28.29 % 18.15 %

Why are moving Averages important in technical Analysis?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

Gaps On Day Chart
Unfilled Gap Up On 2021-01-05
77700.00 ~ 76334.35 SUPPORT
Unfilled Gap Up On 2016-09-20
42900.00 ~ 41719.95 SUPPORT
Industry Growth Rate

In Last 1 Year the industry has grown by 28.57 %

In Last 5 Year the industry has grown by 0.00 %

Peer comparison

Sales

COMPANY NAME20152016201720182019
MRF20179.0013412.0014954.0016062.00
JKTYRE7315.006898.007689.008272.0010370.00
CEATLTD5705.005484.005766.006282.006985.00
BALKRISIND3813.003237.003723.004444.005210.00
APOLLOTYRE12815.0011849.0013180.0014843.0017549.00
Total 9529.40 8754.00 9759.00 11235.20 7412.00 9529.40

Financial

LAST FISCAL CURRENT GROWTH 10 YEAR CAGR
S.NO. COMPANY NAME MARKET CAP CMP BOOK VALUE EPS STOCK P/E ROE ICR REVENUE NET PROFIT NPM REVENUE NET PROFIT REVENUE NET PROFIT
1 MRF LTD. 37116.28 87586.30 26184.00
2 BALKRISHNA INDUSTRIES LTD.-$ 31958.92 1652.40 259.54
3 GRP LTD. 8006.43 602.00 1021.00
4 HARRISONS MALAYALAM LTD. 10946.84 59.10 38.53
5 APOLLO TYRES LTD. 10485.73 183.25 133.78
6 CEAT LTD. 5075.52 1255.05 706.73
7 JK TYRE & INDUSTRIES LTD. 2235.35 90.70 87.68
8 TVS SRICHAKRA LTD.-$ 1074.69 1400.00 970.47
Sales

What is Sales Trend ?

Sales trend is a methodology to understand sales results which helps in understanding the trends of the market over a specific period of time. Sales results are an indicative of the sales patterns followed by the customer over a time period.

Profitability

What is Profit & EPS Trend ?

EPS Trends was initially built in late 2015 when I was just getting into frontend development. Coming from a background in Rails, I was frustrated with how many decisions you had to make early on as a javascript developer.

Net Profit
EPS

What is EBITDA Margin & EBIT Margin ?

Corporate accounting is required to adhere to the standards and practices collectively referred to as the generally accepted accounting principles. EBITDA is an excellent way for corporate accountants to start compiling data, but it should not be considered an absolute result. This is due to the fact that many consider EBITDA more of a broad stroke than a definitive form of accounting practice.

EBITDA Margin
EBIT Margin
NPM
Cash Flow

Why is the Cash Flow Analysis important?

A business needs cash to pay its expenses, to pay bank loans, to pay taxes and to purchase new assets. A cash flow report determines whether a business has enough cash to do exactly this.

Operating Activities
Financing Activities
Investing Activities
Financial Health

What Is Financial Health?

Financial health is a term used to describe the state of one's personal monetary affairs. There are many dimensions to financial health, including the amount of savings you have, how much you’re putting away for retirement, and how much of your income you are spending on fixed or non-discretionary expenses.

Debt to Equity
Piotroski Score
  • 0
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9

What Is the Piotroski Score?

The Piotroski score is a discrete score between 0-9 that reflects nine criteria used to determine the strength of a firm's financial position.

Altman Z Score (Mfg Company)
  • Distress (< 1.81)
  • Caution (>1.81 < 2.99)
  • 7.99
    Safe (3 & above)
Altman Z Score (Non-Mfg Company)
  • Distress ( < 1.23)
  • Caution (>1.23 < 2.6)
  • 10.52
    Safe (2.6 & above)
Valuation

What Is Valuation?

Valuation is the analytical process of determining the current (or projected) worth of an asset or a company. There are many techniques used for doing a valuation. An analyst placing a value on a company looks at the business's management, the composition of its capital structure, the prospect of future earnings, and the market value of its assets, among other metrics.

MRF: Future
TRADING SYMBOL OI VOLUME LAST PRICE LOT SIZE EXPIRY DATE
MRF21JANFUT 59220.00 18250.00 85811.30 10 2021-01-28
MRF21FEBFUT 3700.00 4490.00 85824.05 10 2021-02-25
MRF21MARFUT 260.00 50.00 87300.00 10 2021-03-25
ROLLOVER COST: 0.01% (INR 12.75)
ROLLOVER%:6.27%
What is the significance of Rollover data?

Rollover in an important data point and should be analyzed in the expiry week. Rollover involves carry forwarding of ‘futures’ positions from one series (which is nearing expiry date) to the next one.

Rollover percentage actually indicates whether the traders are willing to carry forward their existing. positions (long or short) to the next series or not. Generally, the rollover figures alone will not indicate which direction traders are betting on. You should also check whether absolute open interest is increasing or decreasing over expiries

What is Options Max Pain Theory?

Options Max Pain Theory suggests,

“On option expiration day, the underlying stock price often moves toward a point that brings maximum loss to option buyers.”

Ratio Analysis

The Bank was incorporated in the year 2004 by Rana Kapoor and Late Ashok Kapur, which is a new age private sector bank. And since the inception of the bank has fructified into a “Full-Service Commercial Bank,” it has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the whole country.

It is well-equipped to offer a spectrum of products and services to all the corporate and retail customers.

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Bulk Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
MRF 2007-05-31 FIDELITY TRUSTEE CO AC FIDELITY EQUITY FUND P 30000.00 4159.92
MRF 2007-05-31 SUNDARAM MUTUAL FUND S 39433.00 4160.00
MRF 2007-03-21 MOTILAL OSWAL SECURITIES P 25000.00 3499.98
MRF 2007-03-21 PASSIONATE INVESTMENT MAN S 25000.00 3499.98
Block Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
Dividend history
Ex Date Amount
2020-02-18 3.00
2019-11-21 3.00
2019-08-01 54.00
2019-02-15 3.00
2018-11-19 3.00
2018-08-01 54.00
2018-02-09 3.00
2017-11-21 3.00
2017-07-27 54.00
2017-02-14 3.00
2016-11-08 3.00
2016-08-03 94.00
2015-11-10 3.00
2015-08-06 3.00
2015-02-04 44.00
2014-11-13 3.00
2014-08-06 3.00
2014-01-30 24.00
2013-11-05 3.00
2013-08-06 3.00
2013-01-30 19.00
2012-11-07 3.00
2012-08-06 3.00
2012-01-30 19.00
2011-11-02 3.00
2011-08-09 3.00
2011-01-28 19.00
2011-01-28 25.00
2010-11-02 3.00
2010-08-06 3.00
2010-02-25 19.00
2009-11-05 3.00
2009-08-06 3.00
2009-03-06 14.00
2008-11-06 3.00
2008-08-08 3.00
2008-03-05 14.00
2007-11-07 3.00
2007-08-10 3.00
2002-02-15 9.00
2001-10-17 3.00
2001-08-02 3.00
2001-02-13 9.00
2000-11-16 3.00
2000-08-02 3.00
Bonus Data
Company Name Split Date From Value To Value
Split Data
Company Name Split Date From Value To Value